Atlanta — JLL Capital Markets has acquired a 588,000-square-foot portfolio of grocery-anchored retail centers in Georgia, South Carolina, Virginia and New Jersey, for $115 million. The portfolio comprises seven retail properties: Hickory Flat Village in Canton, Georgia; Deshon Plaza in Stone Mountain, Georgia; Flat Shoals Crossing in Decatur, Georgia; Cascade Corners in Atlanta; The Plaza at Carolina Forest in Myrtle Beach, South Carolina; Kroger Plaza in Virginia Beach, Virginia; and Lewandowski Commons in Lyndhurst, New Jersey.
The portfolio is 99.6 percent leased and features a mix of grocers including Publix, Kroger and Stop & Shop.
Jim Hamilton, Brad Buchanan, Andrew Kahn, Anton Serafini, Kevin O’Hearn, J.B. Bruno, Jose Cruz, Jordan Lex, Daniel Naughton and Tom Kolarczyk of JLL represented the seller in the transaction. In addition, Gregg Shapiro, Jim Cadranell, Jon Mikula, Hunter Goldberg, Kelsey Bawcombe, Streeter Simmons and Caleb Henry of JLL’s Debt Advisory team procured acquisition financing on behalf of the buyer, Medipower.